CESC Ltd. News and Updates

Name: Latest research reports of CESC Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: CESC Ltd.
Rating: 5
Author: ICICI Securities Limited

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CESC Ltd.

15 Mar 2019

154.17

-4.62%

Listing of demerged co shares: Clear the air on fair value

Business Line

Of late, companies proposing demergers have been on the rise. The long list includes Adani Enterprises, Crompton Greaves, CESC, Future group and Gayat

CESC Ltd. is trading below all available SMAs

Listing of demerged co shares: Clear the air on fair value

Business Line | 15 Mar 2019

CESC Ltd.

06 Feb 2019

154.17

-4.62%

CESC

Buy: CESC Ltd.

Target

ICICI Securities Limited

CESC reported lower-than-expected Q3FY19 results on account of lower revenues and higher costs, which, in turn, impacted EBITDA. Revenues came in below our estimates at | 1707 crore vs. our estimate of | 1825 crore. Generation was flat YoY while energy sold was down 2% YoY at 229.5 crore units In Q3FY19, power sold at Haldia Energy was 107.4 crore units while Chandrapur plant posted ~100% YoY generation at 88 crore units Absolute EBITDA came in at | 202 crore, significantly below our...

CESC Ltd. has an average target of 196.50 from 2 brokers.

CESC Ltd.

05 Feb 2019

154.17

-4.62%

CESC profit up 13%

Business Line

RP-Sanjiv Goenka Group's flagship company CESC Ltd posted a 13 per cent rise in net profit to 173 crore for the quarter ended December 31, 2018, comp

CESC Ltd. has an average target of 196.50 from 2 brokers.

CESC posts 13% rise in Q3 profit

Business Line | 05 Feb 2019 1 more

CESC Ltd.

05 Feb 2019

154.17

-4.62%

During the quarter, the company demerged its non-power business, i.e., Spencer's and CESC...

Buy: CESC Ltd.

Emkay

CESC Ventures, which got listed on 25 January 2019. Generation and revenue remained flat; however, EBITDA came in below our expectations due to higher operating expenses and fuel costs. PAT was marginally above our estimate on favorable rate-regulated income. In Q3FY19, PLF improved across the Haldia and Chandrapur plants, driven largely by the festive season which led to a rise in power demand. The Chandrapur plant's case IV PPA with MSPGCL was extended by another 45 days until January 13, 2019. We expect Chandrapur's loss to narrow to Rs1.2bn in FY19 from Rs2.0bn in FY18....

CESC Ltd. is trading below all available SMAs

CESC Ltd.

05 Feb 2019

154.17

-4.62%

Lower T&D; losses drive performance; dividend raised

Buy: CESC Ltd.

Target

Motilal Oswal

5 February 2019 3QFY19 on account of lower T&D; losses and interest cost. Sales in the Kolkata distribution circle declined 2.1% YoY to 2.3BU, given the strong base (increased 12% YoY in 3Q last year). Revenue was flat YoY at INR17.1b. T&D; losses declined 200bp YoY to 9.8%. Power exports stood at 135MU, as against 212MU in the year-ago period. EBITDA, including rate regulatory item, increased 6% YoY to INR4b (in-line). Depreciation was flat YoY at INR1.1b. Finance cost declined 3% YoY/QoQ to INR1.2b.

CESC Ltd. is trading below all available SMAs

CESC Ltd.

25 Jan 2019

154.17

-4.62%

Spencer's retail and CESC Ventures get tepid debut on BSE

Business Standard

At the opening bell, the shares of Spencer's Retail opened at Rs 224 a piece on its listing date, which declined to Rs 212.80 per share by 12 noon and remained stagnant till the end of the day's trade

CESC Ltd. has an average target of 196.50 from 2 brokers.

Spencers Retail, CESC Ventures hit lower circuits on market debut

Business Line | 25 Jan 2019 4 more

CESC Ltd.

07 Jan 2019

154.17

-4.62%

CESC's Malegaon franchise likely to break even in 2 years

Business Line

Company plans to invest around Rs 150 crore over the next 20 years

CESC Ltd. has an average target of 196.50 from 2 brokers.

CESC's franchisee distribution income may zoom by 25% after 20-yr contract

Business Standard | 07 Jan 2019

CESC Ltd.

07 Jan 2019

154.17

-4.62%

CESC wins Malegaon distribution franchisee

Buy: CESC Ltd.

Motilal Oswal

7 January 2019 Maharashtra DISCOM recently concluded auction of two distribution circles under the distribution franchisee (DF) model. The license is for 20 years, extendable by 10 years. More than 80% of the energy supply is to industrial/commercial customers. Based on preliminary data, Malegaon circle is equal to CESCs Kota distribution franchisee circle in terms of input energy. The input energy was 677MU and AT&C; losses stood at 47%. The input energy was 677MU and AT&C; losses stood at 47%. The contract is for 20 years, extendable by 10 years. The circle is adjacent to Torrents existing Bhiwandi operations. In terms of input energy, the circle is ~20% of size of its Bhiwandi operations. The winning bidder is selected on the price of input energy it will pay the DISCOM. DF has no role in fixing tariff (it is determined by the regulator for the DISCOMs operating area).

CESC Ltd. is trading below all available SMAs

CESC Ltd.

03 Jan 2019

154.17

-4.62%

CESC wins distribution franchisee

Business Line

CESC Ltd, the RP-Sanjiv Goenka Group flagship, will be the power distribution franchisee of Malegaon Municipal Corporation Area. The Malegaon circle i